Stocks To Watch Today January 6 include ONGC, Waaree Energies, Raymond Lifestyle, Polycab, NBCC, and Adani Power. These stocks will be closely monitored due to investment developments, management changes, new orders, and Supreme Court decisions.
Stocks To Watch: Each day, certain stocks in the share market become particularly noteworthy for investors. This is often due to significant announcements from companies, new investments, large orders, changes in management, or court rulings. Today, January 6th, several company shares may remain in focus. From ONGC to Adani Power, news related to companies across various sectors can influence investor strategies. If you are planning to trade or make long-term investments, it is essential to keep an eye on these stocks.
Major Focus on Ethane Transport for ONGC
Oil and Natural Gas Corporation (ONGC) is likely to be in focus during today's trading session. The company has entered into agreements with Japan's Mitsui OSK Lines (MOL) for equity investments in two joint venture companies: Bharat Ethane One IFSC and Bharat Ethane Two IFSC. Both companies are registered in Gujarat's GIFT City, known for International Financial Services.
The purpose of these two joint venture companies is to own and operate Very Large Ethane Carrier (VLEC) vessels. These vessels will transport ethane gas from the United States to India. This ethane gas will be used as feedstock for ONGC's subsidiary, ONGC Petro Additions (OPaL). This is expected to strengthen ONGC's long-term supply chain.
Additionally, news has emerged regarding a gas leak incident during workover operations at ONGC's Mori field in Andhra Pradesh. The company has clarified that there have been no reports of casualties or injuries in the incident. However, investors remain vigilant regarding such news, which could cause volatility in the stock.
Strong Funding for Waaree Energies’ Storage Unit
Leading renewable energy company Waaree Energies is also likely to be on investors' radar today. Its subsidiary, Waaree Energy Storage Solutions, has raised approximately ₹1,003 crore from strategic investors. This investment is part of the company's announced ₹10,000 crore capital expenditure (capex) plan.
Under this capex plan, the company is preparing to establish a 20 GWh capacity advanced lithium-ion cell and battery pack manufacturing plant. Demand for energy storage in India is growing rapidly, particularly due to the expansion of solar and wind energy. Therefore, Waaree Energies' move is considered significant for long-term growth.
Raymond Lifestyle Prepares for CFO Appointment
A senior management-level change is taking place at textile and lifestyle company Raymond Lifestyle. The company has appointed Prasad Elachathur as a Senior Management Personnel. A proposal will be made to appoint him as the Chief Financial Officer (CFO) at the upcoming board meeting.
Such changes in management are typically related to the company's financial strategy and corporate governance. Investors view these changes as indicators of future growth and stability.
Polycab India Focuses on B2B Segment
Polycab India has also made a key appointment. The company has appointed Shashi Amin as Director (Non-Board Member) and CEO – B2B Channel & Corporate Communication, effective January 5th.
Polycab's B2B segment is linked to infrastructure and industrial projects. Therefore, this appointment is seen in connection with the company's business expansion plans.
NBCC Receives New Government Projects from Odisha
Government construction company NBCC (India) has received new projects worth over ₹134 crore from Odisha. This includes an order of ₹45.87 crore from Maharaja Sriram Chandra Bhanjadev University, and a project worth ₹88.18 crore from the Odisha School Program Authority.
Government orders increase revenue visibility for NBCC. Such projects strengthen the company's order book, which can also impact the share price.
Increased Stake in KV Toys India
Generational Capital Breakout Fund-1 has increased its stake in KV Toys India, purchasing an additional 39,000 shares. Following this purchase, the fund's stake in the company has increased to 0.62 percent.
The deal is estimated to be worth approximately ₹1.32 crore. An increase in the stake of a fund house in any company is considered a positive sentiment for investors.
Relief for Adani Power from Supreme Court
Power sector giant Adani Power has received a major relief from the Supreme Court. The apex court clarified that no customs duty can be levied on electricity supplied from SEZ (Special Economic Zone) to the domestic market.
Overturning a 2019 decision by the Gujarat High Court, the Supreme Court stated that there is no legal basis for levying such a charge under the Customs Act of 1962. This decision could have a positive impact on Adani Power's financial position.
Avanse Financial Services’ Rights Issue
Education-focused NBFC Avanse Financial Services has raised ₹1,200 crore from existing shareholders through a rights issue.
Investors including Warburg Pincus, Kedaara Capital, and Mubadala participated in the issue. The company may use this capital to expand its loan book and strengthen its balance sheet.
NCCCL Wins Contract from Lodha Developers
New Consolidated Construction Company Ltd (NCCCL) has won a construction contract worth ₹112.5 crore from real estate company Lodha Developers. This project is for a residential development near Alibaug, Mumbai.
The project involves approximately 7.26 lakh square feet of construction work. Such orders in the real estate and construction sectors support the company's order book.
Awfis Space Solutions CFO Change
A major change has occurred in the finance head position at co-working space company Awfis Space Solutions. The company's CFO, Ravi Duggar, has resigned, effective February 2, 2026.
The company has appointed Sumit Rochlani as the new Chief Financial Officer. His appointment will be effective from February 3rd. Investors may continue to monitor this stock due to the management change.
